The property was acquired in a joint venture between a subsidiary of Inland Diversified and affiliates of real estate developer Cappelli Group. The joint venture valued the property at approximately $166.4 million.

The retail portion of the property is anchored by ShopRite Supermarkets, Nordstrom Rack, New York Sports Club and Barnes & Noble. Other tenants include a 15-screen National Amusements movie theater, Buffalo Wild Wings, Applebee’s, Atlanta Bread Company, Temptation Asian Fusion, Cold Stone Creamery and Greenpoint Bank. Toys “R” Us is scheduled to open in March. The property is shadow-anchored by a 154,241-sq.-ft. Target P-Fresh store, located in the basement of the four-story building, which was not acquired.

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In this report, you'll discover the benefits of such an approach, including optimizing the architecture to make full use of modern network capabilities and using commercial applications to support non-differentiating operational processes wherever possible.